Placement proposé et conversion de dettes en capitaux propres
LES INFORMATIONS CONTENUES DANS CETTE ANNONCE SONT CONSIDÉRÉES PAR LA SOCIÉTÉ COMME CONSTITUANT DES INFORMATIONS PRIVILÉGIÉES COMME STIPULÉES EN VERTU DU RÈGLEMENT SUR LES ABUS DE MARCHÉ (UE) NO. 596/2014 COMME IL FAIT PARTIE DU DROIT INTERNE DU ROYAUME-UNI EN VERTU DE LA LOI DE 2018 DE L'UNION EUROPÉENNE (RETRAIT) TEL QUE MODIFIÉE. LORS DE LA PUBLICATION DE CETTE ANNONCE VIA UN SERVICE D'INFORMATION RÉGLEMENTAIRE, CETTE INFORMATION EST CONSIDÉRÉE COMME ÊTRE DANS LE DOMAINE PUBLIC.
CETTE ANNONCE, Y COMPRIS LES ANNEXES DE CETTE ANNONCE, ET LES INFORMATIONS QU'ELLE CONTIENT, SONT RESTREINTES ET NE DOIVENT PAS ÊTRE PUBLIÉES, DIFFUSÉES OU DISTRIBUÉES, DIRECTEMENT OU INDIRECTEMENT, EN TOUT OU EN PARTIE, AUX ÉTATS-UNIS, EN AUSTRALIE, AU CANADA, AU JAPON. , LA RÉPUBLIQUE D'AFRIQUE DU SUD OU LA NOUVELLE-ZÉLANDE OU TOUTE AUTRE JURIDICTION DANS LAQUELLE IL SERAIT ILLÉGAL DE LE FAIRE.
CETTE ANNONCE, Y COMPRIS LES ANNEXES À CETTE ANNONCE, EST À TITRE D'INFORMATION UNIQUEMENT ET NE CONSTITUE PAS ELLE-MÊME UNE OFFRE DE VENTE OU DE SOUSCRIPTION DE TITRES DE LA SOCIÉTÉ. THIS ANNOUNCEMENT AND THE APPENDICES DO NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF VARIOUS EATERIES PLC IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.
CETTE ANNONCE DOIT ÊTRE LU DANS SON INTÉGRALITÉ. EN PARTICULIER, VOUS DEVEZ LIRE ET COMPRENDRE LES INFORMATIONS FOURNIES DANS LES ANNEXES DONT L'ANNEXE III QUI CONTIENT LES TERMES ET CONDITIONS DU PLACEMENT.
6 Décembre 2023
Divers restaurants plc
("Various Eateries", the "Company" or the "Group")
Placement proposé pour lever environ 10 millions de livres sterling
Proposed Conversion of Debt into Equity
The Company announces it is carrying out a conditional placing to raise approximately £10 million, before expenses, by way of the issue of new ordinary shares in the capital of the Company (the "Placement") to certain existing shareholders and other investors at a price of 25 pence per share (the "Placer le prix"). The Placing Price represents a discount of approximately 3.9 per cent. to the Closing Price of 26 pence per Ordinary Share on 5 December 2023, being the Latest Practicable Date prior to the publication of this Announcement.
The Company also confirms its intention to convert a deep discounted bond ("DDB") held by Friends Provident which operates on an execution only basis on the sole instruction of Hugh Osmond and certain secured loan agreements ("Contrat de niveau de service") with Anella Limited (owned and controlled by Andy Bassadone) and TDR Capital Limited into new ordinary shares of the Company at the Placing Price.
Les termes en majuscules utilisés mais non définis autrement dans la présente Annonce auront la signification qui leur est attribuée dans l'Annexe II de la présente Annonce, à moins que le contexte ne l'exige autrement.
Contexte
The Directors consider that, given the current market conditions, the Company's financial position and its ambitious roll out plans, it is necessary to increase the Company's capital and working capital position through the Placing and reduce its ongoing liabilities with the Conversion. Accordingly, the Company intends to use the proceeds of the Placing, as well as operational cash flow for the next 18 months, to deliver, amongst other things the roll out of up to 10 new Noci sites and up to 3 new Coppa Club sites, including Cardiff and Farnham. Further details of these plans are set out below.
The following sets out the background to, and the reasons for, the Placing and the Conversion and explains why the Directors consider the Proposals to be in the best interests of the Company and its Shareholders as a whole.
A propos du groupe
Various Eateries plc was admitted to trading on AIM on 25 September 2020. It is the ultimate parent company of the Various Eateries group. Various Eateries plc owns, develops and operates restaurant, clubhouse and hotel sites in the United Kingdom. The Group's stated mission is "great people delivering unique experiences through continuous innovation".
The Group is led by a highly experienced senior team including Andy Bassadone (Executive Chairman and Managing Director, Noci), Hugh Osmond (Founder), Sharon Badelek (Chief Financial Officer) and Rebecca Tooth (Managing Director, Coppa Club) (a non-PLC board position).
The Group operates across 18 locations and has two core brands:
· | Coppa Club, un concept multi-usages ouvert toute la journée qui associe restaurant, terrasse, café, lounge, bar et espaces de travail |
· | Noci, a modern, neighbourhood pasta-only concept which serves very high-quality dishes at reasonable prices. Noci is an evolution of the Group's iconic Tavolino restaurant at Tower Bridge. |
About Noci
Nuit is a concept led by Andy Bassadone from inception. Andy had a vision to re-define the Italian dining-sector and he has previously accomplished a similar objective with the French dining-sector through his roll out of Côte Brasserie. Andy is now looking to duplicate this success with Italian food. Tavolino was the first restaurant in the Group, that included a wide Italian Brasserie menu including many of the pasta dishes offered in the Noci restaurants. Tavolino is considered the inspiration behind Noci, and it continues to be a successful part of the Group.
The Islington restaurant, the first to bear the Noci brand and focused on pasta dishes, launched in March 2022. In 2023 Noci has expanded into Shoreditch and Battersea. The offering is specifically designed to address consumers' desire for high quality food and a great experience despite a cost-of-living crisis and the Directors believe Noci is ideally suited to take advantage of reduced competition in this market with an accessible price point, laid-back atmosphere, and a focus on quality, having already been featured in the Michelin guide.
In particular, the Directors believe that the Noci flexible format can work from both large and small sites; although the concept has been designed specifically to deliver profitability in c.3,000 square foot spaces which the Directors understand have become challenging for incumbent operators. Market research has led the Directors to believe there are over 100 suitable sites in the UK, while the immediate roll out will be largely focused on the Greater London boroughs.
Part of the funds from the Placing are intended to be applied to roll out up to 10 new Noci sites over the next 18 months.
About Coppa Club
Coppa Club was designed specifically to address changes in consumer behaviour which the Directors believe have since been accelerated by Covid. It was designed to provide a 'clubhouse' that guests could identify as their own club, without annual membership fees, but which provides the associated facilities.
Coppa Club is a multi-use all day concept, combining restaurant, café, lounge, bar and work spaces under one roof (as well as bedrooms, event spaces, gym and spa facilities in certain flagship locations). Whilst the majority of Coppa Club's existing estate is located outside of London, its flexible format allows it to be applied to central London, town-centre locations and existing hotel sites with ease. The offering incorporates four formats designed to capitalise on each specific site location:
The Formats are:
· Full-Service Clubhouse: this format typically includes a restaurant, bar, café, lounge, workspace, gym, outdoor terrace with alfresco dining, hotel bedrooms, private dining, igloos, events and meeting space. More commonly suited to affluent residential areas outside of London, the Company's flagship Coppa Club locations in Streatley, Sonning and Haslemere adopt this format.
· Club & Brasserie: this format typically includes a restaurant with all day dining, bar, café, lounge, outdoor terrace with alfresco dining and igloos. It is more commonly suited to larger city centre locations. The Company's Tower Bridge Coppa Club is a Coppa Club & Brasserie, as is Coppa Club, Cobham.
· High Street Hubs: this format typically includes a restaurant, bar, café and workspace with outdoor seating. It is suited to cities and high streets in affluent neighbourhoods or town centres that lack community hub spaces. Coppa Club Henley, Maidenhead and Brighton are High Street hubs.
· Townhouse: this format incorporates a number of drinking, dining, café and workspace options across several floors and it endeavours to capture the transition from day to night. It is found on the high streets of cities and towns. A Coppa Townhouse incorporates space for coffee, working and casual lunches for day time demands; as well as fine dining options and evening cocktail lounges for night time entertainment. Coppa Club's Guildford and Bath are Townhouses.
Coppa Club's all day menu is designed to address consumers' needs at any time of the day or week, encouraging them to return regularly. Coppa Club does not offer discounts or voucher schemes. The pricing strategy is focused on providing high quality at reasonable prices.
The menu is designed to suit all occasions, from coffee, breakfast and weekend brunches, to lunches, dinner celebrations and late-night drinks. Private dining is also available for functions, events, corporate workshops, meetings and weddings, all underpinned with the same philosophy on procurement and quality ingredients. At the Full-Service Clubhouse locations in Sonning, Haslemere and Streatley, the Company can cater for a range of events from small meetings and private dining to parties and large wedding receptions.
Overall the Group has twelve established Coppa Clubs in affluent predominantly southeast locations. Part of the funds from the proposed Placing will be utilised to roll out up to 3 new Coppa sites over the next 18 months, including Cardiff and Farnham which are both planned to be Coppa Townhouses.
Situation financière
A trading update was announced by the Company on 1 November 2023.
Cash at bank at 1 October 2023 was £1.9m (2022: £9.4m).
Débouchés
The Directors believe that the market opportunity exists to accelerate a roll out of both Noci and Coppa Club. For Noci, the Directors believe that having developed, tested and refined the offering in 4 sites (including Tavolino), the concept is ready to be scaled up. For Coppa Club the Directors still believe that changes in consumer behaviour, post-Covid, such as flexible/hybrid working, present an even bigger opportunity which the Board want to capitalise on.
In particular, the Board believes the following factors are particularly compelling when considering the opportunities available to the Company:
· Increased and improved site availability - with a significant number of sites now available to the Group on competitive rental terms; and in many cases with fit-outs already funded;
· Landlords keen to offer attractive rents, rent free periods and landlord contributions to encourage occupancy by financially stable operators;
· Recent changes to planning classification makes it easier to turn retail into restaurant spaces;
· Reduced competition - the cost-of-living crisis accelerated the decline of other restaurant groups, especially in the Italian mid-market sector which Noci focuses on; and
· Change in consumer behaviour towards more flexible working.
The Directors believe that the Group is well positioned for growth because it has two established brands (Coppa Club and Noci). Furthermore, in the Directors' experience, in challenging market conditions, focusing on the top-line, as opposed to maximisation of short term profits through cost cutting, is fundamental to future success. Accordingly the Directors believe that by continuing to put guests at the heart of everything the Company does, for example, by absorbing some of the recent costs rises, the Company will continue to win market share and customer loyalty.
La conversion
Various Eateries Trading Limited, a wholly owned subsidiary of Various Eateries plc, currently has the following indebtedness outstanding:
· a Deep Discounted Bond issued to Friends Provident on 15 April 2023 with a nominal value of £10,801,509 and maturing on 15 April 2024 or such earlier date as Various Eateries Trading Limited and Friends Provident may agree; and
· a Secured Loan Agreement under which there is outstanding principal amount of £392,337 owed to Anella Limited, due to be repaid on 15 April 2024, and £215,351 owed to TDR Capital Limited, which is due to be repaid on 15 January 2024, or, in both cases, such earlier date as Various Eateries Trading Limited may agree with Anella Limited or TDR Capital Limited, as the case may be. Anella Limited is owned and controlled by Andy Bassadone.
The Deep Discounted Bond and the Secured Loan Agreement are each supported by a debenture issued by Various Eateries Trading Limited.
The Company intends that, conditional on, amongst other matters, completion of the Placing and shareholder approval, the indebtedness under both the Deep Discounted Bond and the Secured Loan Agreements will be converted into the Conversion Shares by the Company issuing the Conversion Shares at the Placing Price in satisfaction of Various Eateries Trading Limited's obligation to repay the indebtedness under the Deep Discounted Bond and the Secured Loan Agreement. The accrued interest on the indebtedness under Secured Loans Agreement is intended to be settled in cash from existing cash resources. On the Latest Practicable Date the amount of this accrued interest was £9,820.06.
Deep Discounted Bond Facility Agreement
VEL Property Holdings Limited, a subsidiary of the Company, intends to enter into a DDB Facility Agreement, with Xercise 2 Limited, a company owned and controlled by Hugh Osmond. Under the terms of the DDB Facility Agreement, VEL Property Holdings Limited would be able to draw down up to £3,018,769, at rate of 5% above Bank of England Base rate for a period of 15 months, for the purpose of redeeming the deep discounted bond issued by VEL Property Holdings Limited to Friends Provident (which operates on an execution only basis on the sole instruction of Hugh Osmond). The details of this deep discounted bond are set out in the Company's announcement of 18 July 2023. This deep discounted bond has a redemption date of 14 January 2024 and in the event that the Company cannot refinance this deep discounted bond, it is intended that the DDB Facility Agreement would provide comfort that it can be repaid.
Reasons for the Placing, the Conversion and Use of Proceeds
As set out above, the Company has ambitious roll out plans for the Company over the next 18 months with plans for up to 10 new Noci sites and up to 3 new Coppa Club sites, including Cardiff and Farnham. The Company already has a commitment to open the Cardiff and Farnham Coppa Club sites during calendar year 2024 and another site is to be identified and sourced, likely within the south of England. The Placing Proceeds will also be utilised for the costs of these transactions and for working capital purposes.
The Conversion is considered, by the Independent Directors, to be of strategic importance to the future of the Company because of the uncertainty with regards to the Company's ability to repay the associated debt. The indebtedness under the Deep Discounted Bond is a material sum for the Company, and it matures in April 2024. There is no certainty that the holder of the Deep Discounted Bond would extend the repayment terms; that the Group would have the relevant funds to be able to repay it at the time it matures or that the Group would be able to source a relevant debt refinancing or fundraising of the required amount, if necessary.
The capitalisation of the indebtedness under the Deep Discounted Bond and the Secured Loan Agreement gives the Directors certainty as to the Group's ability to repay this indebtedness and comfort that the indebtedness can be repaid without a material cash outflow.
If the Company is unable to implement the Placing and Conversion, the Board believes it may reduce the Company's ability to complete its planned capital expenditure and therefore may have a material adverse effect on the Company's business, financial condition, results of operations and/or prospects.
Major Shareholder Support
Pursuant to the Placing and Conversion, Hugh Osmond, the Company's largest shareholder, has indicated that Friends Provident (which operates on an execution only basis on the sole instruction of Hugh Osmond) intends to participate in the Placing up to a maximum of £5.88 million. Hugh Osmond is currently interested in 41,616,859 Ordinary Shares which carry 46.76 per cent. of the Company's voting rights. Of this holding, 37,436,256 Ordinary Shares are held by Xercise2 Limited; 3,174,603 Ordinary Shares are held by The Great House at Sonning Limited; and 1,006,000 Ordinary Shares are held by Hugh Osmond's family members. In addition, holders of a further 416,257 ordinary shares (0.47 per cent. of the Company's current voting rights) are deemed to be in concert with Hugh Osmond. Accordingly, assuming such participation in, and following completion of, the Placing and Conversion, Hugh Osmond and members of his Concert Party would be interested (for the purpose of the Takeover Code) in New Ordinary Shares carrying more than 30 per cent. of the Company's voting share capital (from a shareholding of less than 50 per cent. of the Company's voting share capital) which would ordinarily result in Hugh Osmond having to make a mandatory offer under Rule 9 of the Takeover Code.
However, the Panel has indicated they will agree to waive the obligation on Hugh Osmond (or any person acting in concert with it) to make a mandatory cash offer under Rule 9 of the Takeover Code that would otherwise arise as a result of its participation in the Placing, subject to the approval of such waiver by independent shareholders on a poll ("Résolution de renonciation à la règle 9").
In the event that the Rule 9 Waiver Resolution is approved, and on the assumption that the Placing and Conversion are completed, that Friends Provident subscribed for the maximum amount cited above, and that no person exercises any options or other rights to subscribe for Ordinary Shares or New Ordinary Shares, as at Admission, the maximum aggregate interest of Hugh Osmond (and any persons acting in concert with him) in shares which carry voting rights in the Company (for the purpose of the Takeover Code) would be 62.12 per cent.
Détails de placement
· Placing of New Ordinary Shares to raise approximately £10 million (before expenses).
· Le placement doit être effectué via un processus de création de livre accéléré lancé aujourd'hui.
· The Placing is conditional upon the passing of the Resolutions at the General Meeting, including the approval of the Rule 9 Waiver Proposal by Independent Shareholders.
· The net proceeds raised from the issue of the Placing Shares will be used for the purposes set out in the paragraphs above.
· The Placing Shares, assuming full take-up and completion of the Placing, will represent approximately 23.1 per cent. of the Enlarged Share Capital, including the issue of Conversion Shares (as defined below).
Le placement
WH Ireland Limited is acting as sole bookrunner and broker in relation to the Placing (the "Broker") and a placing agreement has been entered into today between the Company and the Broker in connection with the Placing (the "Accord de placement"). WH Ireland Limited is also acting as nominated adviser to the Company, and also Rule 3 adviser in respect of the Rule 9 Waiver.
Les Actions de Placement sont offertes par le biais d'une création de livre accélérée (le "Création de livre"), qui sera lancée immédiatement après la présente Annonce, conformément aux modalités et conditions énoncées à l'Annexe III de la présente Annonce.
A further announcement confirming the closing of the Bookbuild and the number of Placing Shares proposed to be issued pursuant to the Placing is expected to be made in due course.
The Placing is not being underwritten and the issue of the Placing Shares is conditional, inter alia, upon:
· the passing, without amendment, of the Resolutions, including the Rule 9 Waiver Resolution at the General Meeting;
· the execution of the Conversion documents, and each of the Conversion documents not having been terminated in accordance with its terms prior to Admission;
· Admission becoming effective by no later than 8.00 a.m. on 27 December 2023 (or such other time and/or date, being no later than 8.00 a.m. on 31 January 2024, as the Placing Agent and the Company may agree);
· les conditions de l'accord de placement étant remplies ou (le cas échéant) renoncées ; et
· le Contrat de Placement n'ayant pas été résilié conformément à ses termes avant l'Admission.
En conséquence, si l’une de ces conditions n’est pas remplie ou, le cas échéant, est levée, le Placement n’aura pas lieu.
The Placing Shares will be credited as fully paid and will rank pari passu in all respects with the Existing Ordinary Shares then in issue, including the right to receive all future distributions, declared, paid or made in respect of the Ordinary Shares from the date of Admission. The Placing Shares will represent approximately 23.1 per cent. of the Enlarged Share Capital.
Subject to satisfaction of the relevant conditions, it is expected that Admission will become effective and dealing in the Placing Shares will commence, at 8.00 a.m. (London time) on or around 27 December 2023.
La Broker has the right to terminate the Placing Agreement in certain circumstances prior to Admission, including (but not limited to): in the event that any of the warranties set out in the Placing Agreement are not true and accurate when given or the Company fails to comply with any of its obligations prior to Admission. The Broker may also terminate the Placing Agreement if there has been a material adverse change in national or international financial, political, economic, monetary or stock market conditions (primary or secondary) or an imposition of or compliance with any law or governmental or regulatory order, rule, regulation, restriction or direction which, in the opinion of a Broker, makes it impractical or inadvisable to proceed with the Placing or Admission. If this termination right is exercised or if the conditionality in the Placing Agreement is not satisfied, the Placing will not proceed.
The timing of the closure of the Bookbuild, the number of Placing Shares and the allocation of the Placing Shares between Placees is to be determined at the discretion of the Company and the Broker.
A further announcement will be made following the closure of the Bookbuild, confirming the results of the Placing and a circular convening the General Meeting to consider the Resolutions is expected to be despatched shortly.
Le calendrier prévu des principaux événements en rapport avec le Placement est présenté à l'Annexe I du présent Avis.
Options
The Directors believe that it is important for the success and growth of the Company to employ highly motivated personnel and that equity incentives are available to attract, retain and reward staff.
The Company had historically awarded options over 4,468,238 Ordinary Shares to its management team ("Options d'origine"). These options include options over 642,857 and 300,000 Ordinary Shares granted to Sharon Badelek and Tiffany Sword, respectively. Additionally, there are joint share ownership arrangements with Andy Bassadone for 1,428,571 Ordinary Shares and Matt Fanthorpe for 1,095,238 Ordinary Shares. Following completion of the Placing and Conversion, it is currently intended that subject to the passing of Resolutions at the General Meeting, 3,177,976 of the Original Options and all the joint share ownership arrangements are to be cancelled.
Following completion of the Placing and Conversion and subject to the passing of Resolutions at the General Meeting, the Company has indicated it intends to issue new options over 13,483,180 Ordinary Shares to certain directors and employees of the Company on the following terms:
· All options will vest in three tranches over three years, with each tranche being exercisable at a 10% uplift to the previous exercise price (the starting price being the higher of the placing price plus 10% or market value);
· The options are conditional on the recipient remaining an employee of VARE at the time of exercise; and
· Once vested, and subject to the employment condition, the options can be exercised at any time between 3 and 10 years from the date of grant.
Transactions entre parties liées
Pursuant to the completion of the proposed Placing and Conversion, each of the following would represent a related party transaction under Rule 13 of the AIM Rules (together the "Related Party Transactions"):
· the participation in the Placing and the Conversion of debt in to equity by Hugh Osmond and members of his Concert Party;
· the DDB Facility Agreement between VEL Property Holdings Limited, a subsidiary of the Company and Xercise2 Limited, a company owned and controlled by Hugh Osmond;
· the Conversion of debt in to equity by Andy Bassadone; and
· the new option grant
which on completion would require a fair and reasonable opinion in relation to the terms of each of the Related Party Transactions from the Independent Directors, having consulted the Company's nominated adviser, WH Ireland Limited before progressing.
Pour plus d'informations, s'il vous plaît communiquer avec:
Divers restaurants plc | Via Alma RP | |
Andy Bassadon | Président exécutif | |
WH Irlande Limitée |
soleil Broker et NOMADE |
Téléphone : +44 (0) 20 7220 1666 |
Courtage Harry Ansel | ||
Conseiller désigné Katy Mitchell | ||
Darshan Patel Isaac Hooper | ||
| ||
RP d'Alma | RP financière | Téléphone : +44 (0) 20 3405 0205 |
David Ison | ||
Rebecca Sanders Hewett |
AVIS IMPORTANTS
This Announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "forecasts", "plans", "prepares", "anticipates", "projects", "expects", "intends", "may", "will", "seeks", "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Announcement and include statements regarding the Company's and the Directors' intentions, beliefs or current expectations concerning, amongst other things, the Company's prospects, growth and strategy. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance. The Company's actual performance, achievements and financial condition may differ materially from those expressed or implied by the forward-looking statements in this Announcement. In addition, even if the Company's results of operations, performance, achievements and financial condition are consistent with the forward-looking statements in this Announcement, those results or developments may not be indicative of results or developments in subsequent periods. Any forward-looking statements that the Company makes in this Announcement speak only as of the date of such statement and (other than in accordance with their legal or regulatory obligations) neither the Company, nor WH Ireland Limited nor any of their respective associates, directors, officers or advisers shall be obliged to update such statements. Comparisons of results for current and any prior periods are not intended to express any future trends or indications of future performance, unless expressed as such, and should only be viewed as historical data.
WH Ireland Limited ("WH Irlande"), which is authorised and regulated in the United Kingdom by the FCA, is acting as nominated adviser exclusively for the Company and no one else in connection with the contents of this Announcement and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the contents of this Announcement nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on WH Ireland by the Financial Services and Markets Act 2000, as amended ("FSMA") or the regulatory regime established thereunder, WH Ireland accepts no responsibility whatsoever, and makes no representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. WH Ireland accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement. The responsibilities of WH Ireland as the Company's Nominated Adviser under the AIM Rules for Companies and the AIM Rules for Nominated Advisers are owed solely to the London Stock Exchange and are not owed to the Company or to any director or shareholder of the Company or any other person, in respect of its decision to acquire shares in the capital of the Company in reliance on any part of this Announcement, or otherwise.
WH Ireland, qui est autorisée et réglementée au Royaume-Uni par la FCA, agit en tant que Broker exclusively for the Company and no one else in connection with the contents of this Announcement and will not regard any other person (whether or not a recipient of this Announcement) as its client in relation to the contents of this Announcement nor will it be responsible to anyone other than the Company for providing the protections afforded to its clients or for providing advice in relation to the contents of this Announcement. Apart from the responsibilities and liabilities, if any, which may be imposed on WH Ireland by FSMA or the regulatory regime established thereunder, WH Ireland accepts no responsibility whatsoever, and makes no representation or warranty, express or implied, as to the contents of this Announcement including its accuracy, completeness or verification or for any other statement made or purported to be made by it, or on behalf of it, the Company or any other person, in connection with the Company and the contents of this Announcement, whether as to the past or the future. WH Ireland accordingly disclaims all and any liability whatsoever, whether arising in tort, contract or otherwise (save as referred to above), which it might otherwise have in respect of the contents of this Announcement or any such statement.
Les Actions de Placement n'ont pas été et ne seront pas enregistrées en vertu du Securities Act ou auprès de toute autorité de réglementation des valeurs mobilières d'un État ou autre juridiction des États-Unis et ne peuvent pas être offertes, vendues, mises en gage, prises en charge, exercées, revendues, renoncées, transférés ou livrés, directement ou indirectement, aux États-Unis sans enregistrement en vertu du Securities Act, sauf en vertu d'une exemption ou dans le cadre d'une transaction non soumise aux exigences d'enregistrement du Securities Act et en conformité avec toutes les valeurs mobilières applicables lois de tout État ou autre juridiction des États-Unis. Les actions de placement n'ont pas été approuvées, désapprouvées ou recommandées par la Securities and Exchange Commission des États-Unis, par une commission des valeurs mobilières d'un État aux États-Unis ou par toute autre autorité de réglementation américaine, et aucune des autorités susmentionnées n'a transmis ou approuvé les mérites de l'offre. des Actions de Placement. Sous réserve de certaines exceptions, les titres mentionnés dans les présentes ne peuvent être offerts ou vendus aux États-Unis, en Australie, au Canada, au Japon, en Nouvelle-Zélande, en République d'Afrique du Sud ou à, ou pour le compte ou au bénéfice de, tout ressortissant, résident. ou citoyen des États-Unis, de l'Australie, du Canada, du Japon, de la Nouvelle-Zélande ou de la République d'Afrique du Sud.
Aucune offre publique de titres n'est effectuée aux États-Unis.
Les autorisations pertinentes n'ont pas été et ne seront pas obtenues auprès de la commission des valeurs mobilières d'une province ou d'un territoire du Canada ; aucun prospectus n'a été déposé auprès de, ou enregistré par, l'Australian Securities and Investments Commission, l'Autorité des Marchés Financiers de Nouvelle-Zélande ou le Ministère des Finances japonais ; les autorisations pertinentes n'ont pas été et ne seront pas obtenues auprès de la Banque de réserve d'Afrique du Sud ou de tout autre organisme compétent en République d'Afrique du Sud en relation avec le placement d'actions ; et les actions de placement n'ont pas été et ne seront pas enregistrées ou offertes conformément aux lois sur les valeurs mobilières d'un État, d'une province ou d'un territoire du Canada, de l'Australie, du Japon, de la Nouvelle-Zélande ou de la République d'Afrique du Sud. En conséquence, les actions de placement ne peuvent (sauf si une exemption en vertu des lois sur les valeurs mobilières pertinentes s'applique) être offertes, vendues, revendues ou livrées, directement ou indirectement, au Canada, en Australie, au Japon, en Nouvelle-Zélande ou en République d'Afrique du Sud ou toute autre juridiction à l'extérieur du Royaume-Uni ou à, ou pour le compte ou au profit de tout ressortissant, résident ou citoyen de l'Australie, du Japon, de la Nouvelle-Zélande ou de la République d'Afrique du Sud ou à tout investisseur situé ou résidant au Canada.
No public offering of the Placing Shares is being made in the United States, United Kingdom or elsewhere. All offers of the Placing Shares will be made pursuant to an exemption under the EU Prospectus Regulation, or the UK Prospectus Regulation, (as the case may be) from the requirement to produce a prospectus. This Announcement is being distributed to persons in the United Kingdom only in circumstances in which section 21(1) of FSMA does not apply.
Les informations contenues dans cette annonce, qui comprennent certaines informations tirées de sources publiques, ne prétendent pas être exhaustives et n'ont pas été vérifiées de manière indépendante. Cette annonce contient des déclarations qui sont, ou peuvent être considérées comme des déclarations prospectives, qui concernent, entre autres, à la stratégie, aux plans et aux objectifs proposés par la Société. Ces déclarations prospectives impliquent des risques connus et inconnus, des incertitudes et d'autres facteurs importants indépendants de la volonté de la Société (y compris, mais sans s'y limiter, les conditions futures du marché, les modifications législatives et réglementaires, les actions des régulateurs gouvernementaux et les changements de politique, social ou cadre économique dans lequel la Société opère) qui pourrait faire en sorte que la performance ou les réalisations réelles de la Société soient sensiblement différentes de ces déclarations prospectives.
Le contenu de cette annonce n'a pas été approuvé par une personne autorisée au sens de la FSMA. Le fait de se fier à cette annonce dans le but de s'engager dans une activité d'investissement peut exposer un individu à un risque important de perdre la totalité des biens ou autres actifs investis. Le prix des titres et les revenus attendus de ceux-ci peuvent varier à la hausse comme à la baisse et les investisseurs peuvent ne pas récupérer la totalité du montant investi lors de la cession des titres. Les performances passées ne préjugent pas des performances futures et les personnes ayant besoin de conseils doivent consulter un conseiller financier indépendant approprié.
Aucun prospectus ne sera mis à disposition en relation avec les questions contenues dans le présent communiqué et aucun prospectus de ce type n'est requis (conformément au règlement sur les prospectus de l'UE ou au règlement sur les prospectus du Royaume-Uni) pour être publié. Le présent communiqué et les conditions générales qui y sont énoncées sont uniquement à des fins d'information et s'adressent uniquement aux personnes qui sont : (a) des personnes dans les États membres qui sont des investisseurs qualifiés ; et (b) au Royaume-Uni, les Investisseurs Qualifiés qui sont des personnes qui (i) ont une expérience professionnelle dans les questions liées aux investissements entrant dans la définition des « professionnels de l'investissement » à l'article 19(5) du Financial Services and Markets Act 2000 ( Financial Promotion) Order 2005, tel que modifié (le "Commander"); (ii) sont des personnes relevant de l'article 49(2)(a) à (d) ("sociétés à valeur nette élevée, associations sans personnalité morale, etc.") de l'Ordonnance ; ou (iii) sont des personnes auxquelles il peut autrement être licitement communiquées ; (toutes ces personnes étant désignées ensemble comme des personnes concernées").
Cette annonce et les termes et conditions qui y sont énoncés ne doivent pas être utilisés ou invoqués par des personnes qui ne sont pas des personnes concernées. Les personnes distribuant cette annonce doivent s'assurer qu'il est légal de le faire. Tout investissement ou activité d'investissement auquel cette annonce et les termes et conditions énoncés dans les présentes se rapportent est disponible uniquement pour les personnes concernées et ne sera engagé qu'avec des personnes concernées.
No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Broker or by any of its affiliates or agents as to, or in relation to, the accuracy or completeness of this Announcement or any other written or oral information made available to or publicly available to any interested party or its advisers, and any liability therefore is expressly disclaimed.
Aucune déclaration dans cette annonce n'est destinée à être une prévision ou une estimation de bénéfice, et aucune déclaration dans cette annonce ne doit être interprétée comme signifiant que le bénéfice par action de la Société pour les exercices financiers en cours ou futurs correspondrait ou dépasserait nécessairement le bénéfice historique publié par part de la Société.
Ni le contenu du site Web de la Société ni aucun site Web accessible par des hyperliens sur le site Web de la Société n'est incorporé dans, ou fait partie de, cette Annonce.
ANNEXE I
Calendrier prévu des principaux événements
2023
| |
Annonce du placement
| 6 décembre |
Annonce des résultats du Placement
| 6 décembre |
General Meeting
| le ou vers le 22 décembre |
Admission and commencement of dealing in New Ordinary Shares
| at 8.00 a.m. on or around 27 December* |
Comptes CREST crédités au titre du Placement d'Actions sous forme non certifiée
| at 8.00 a.m. on or around 27 December* |
Envoi de certificats d'actions définitifs dans le cadre du Placement d'Actions à émettre sous forme de certificats
| dans les 14 jours suivant l'admission* |
*conditional on the passing of the Resolutions at the General Meeting and the Placing Agreement otherwise having become unconditional and not having been terminated in accordance with its terms.
Each of the times and dates set out in the above timetable and mentioned in this Announcement are subject to change by the Company, in which event details of the new times and dates will be notified to Placees by the Broker or by an announcement through a Regulatory Information Service, as the case may be.
ANNEXE II
Définitions
Les définitions suivantes s'appliquent tout au long de cette annonce, à moins que le contexte ne l'exige autrement :
Agis | la Loi sur les sociétés de 2006 ; |
Admission | l'admission des Nouvelles Actions Ordinaires à la négociation sur l'AIM devient effective conformément aux Règles de l'AIM ; |
BUT | AIM, un marché de ce nom exploité par le LSE; |
Règles AIM | the AIM Rules for Companies published by the LSE, as amended from time to time; |
NOUVEAUTÉ! | this announcement (including the Appendices which form part of this announcement) |
Conseil d'administration or Administration | les administrateurs de la Société ou tout comité dûment autorisé de celle-ci ; |
Création de livre | the accelerated bookbuild to be conducted by the Broker pursuant to the Placing Agreement and this Announcement |
Broker | WH Irlande Limitée |
certifié or sous forme certifiée | une action ou un autre titre non détenu sous forme non certifiée (c'est-à-dire pas dans CREST) ; |
Circulaire | the circular dated on or around 6 December 2023 to be sent to Shareholders; |
Prix de clôture | le cours moyen de clôture du marché d'une action ordinaire existante, tel qu'il ressort de l'annexe AIM de la liste officielle quotidienne de la Bourse de Londres |
Entreprise or Divers restaurants | Various Eateries PLC, a company incorporated in England and Wales with registration number 12698869 whose registered office is situated at 20 St. Thomas Street, London, England, SE1 9RS; |
Composé | Compound Management (UK) Limited a company incorporated and registered in England and Wales (registered number 07566142) and having its registered office at 23 Beaumont Mews, First Floor, London, England, W1G 6EN; |
Soirée de concert | Hugh Osmond, Xercise2 Limited, The Great House at Sonning Limited, Lucy Potter, The Children of Hugh Osmond, Friends Provident, Tiffany Sword and the Osmond Capital Limited Connected Persons who are considered to be acting in concert with each other in relation to the Company for the purpose of the Takeover Code; |
Conversion | the proposed satisfaction of the indebtedness outstanding under the Deep Discounted Bond and the Secured Loan Agreement by the allotment and issue of the Conversion Shares at the Placing Price; |
Parts de conversion | 45,636,788 Ordinary Shares proposed to be issued to Friends Provident, Anella Limited and TDR Capital Limited pursuant to the Conversion; |
CRÊTE | the computerised settlement system (as defined in the CREST Regulations) operated by Euroclear which facilitates the holding and transfer of title to shares in uncertificated form; |
DDB Facility Agreement | the agreement between VEL Property Holdings Limited and Xercise2 Limited as detailed in the section titled Conversion above; |
Deep Discounted Bond or DDB | the bond issued by Various Eateries Trading Limited to Friends Provident; |
Capital social élargi | the issued share capital of the Company as enlarged by the issue of the Conversion Shares and the Placing Shares; |
Actions ordinaires existantes | les 89,008,477 Actions Ordinaires en circulation à la date de la présente Annonce ; |
Règlement de l'UE sur les prospectus | Règlement (UE) 2017/1129 du Parlement européen et du Conseil du 14 juin 2017 et toutes mesures d'application pertinentes dans tout État membre de l'Espace économique européen ; |
Autorité de conduite financière or FCA | la Financial Conduct Authority, en sa qualité d’autorité compétente au sens de la partie IV de la FSMA ; |
FPI or Friends Provident | Friends Provident International Ltd, a company incorporated and registered in the Isle of Man (number 11494) and having its registered office at Royal Court, Castletown, Isle of Man IM9 1RA. Friends Provident operates on an execution only basis on the sole instruction of Hugh Osmond |
FSMA | la loi de 2000 sur les services et marchés financiers (telle que modifiée); |
General Meeting | the general meeting of Various Eateries plc to be held at 10 a.m. on 22 December 2023 (or any reconvened meeting following any adjournment of the general meeting) at the offices of WH Ireland Limited, 24 Martin Lane, London, EC4R 0DR, notice of which is set out at the end of the Circular; |
Réservation de groupe | la Société et ses filiales ; |
Administrateurs indépendants | Sharon Badelek, Glyn Barker and Gareth Edwards; |
Actionnaires indépendants | shareholders who are independent of a person who would otherwise be required to make a Rule 9 Offer and any person acting in concert with him or her (as defined by the Takeover Code) which, for the purposes of the Rule 9 Waiver Proposal, does not include members of the Concert Party or exisiting Shareholders who participated in the Placing; |
Dernière date praticable | 5 December 2023, being the latest practicable date prior to publication of this Announcement; |
LSE or London Stock Exchange | Bourse de Londres plc ; |
Nouvelles actions ordinaires | the Placing Shares and the Conversion Shares; |
Avertissement or Avis de convocation à l'assemblée générale | the notice of the General Meeting to be set out in the Circular; |
Actions ordinaires | actions ordinaires de 1 pence chacune dans le capital de la Société ; |
Osmond Capital Limited Connected Persons | being Andrew Bradshaw, John Gripton and Ash Pandore; |
Webinars | The Panel on Takeovers and Mergers; |
Places | les souscripteurs pour le Placement d'Actions ; |
Placement | le placement conditionnel des Actions de Placement conformément au Contrat de Placement ; |
Accord de placement | the conditional agreement dated 5 December 2023 between the Company and WH Ireland in connection with the Placing; |
Placer le prix | 25p ; |
Placer des actions | approximately 40,000,000 New Ordinary Shares to be issued pursuant to the Placing; |
Devis | the Placing, the Conversion and Rule 9 Waiver Proposal; |
Informations accessibles au public | toute information annoncée via un service d'information réglementaire par ou au nom de la Société au plus tard à la date de la présente annonce ; |
Service d'information réglementaire | l'un des services d'information réglementaire autorisés par la FCA à recevoir, traiter et diffuser des informations réglementaires ; |
Resolutie | the resolutions to be proposed at the General Meeting and set out in the Notice, which shall include the resolutions required to grant the Directors authority to issue the Placing Shares and Conversion Shares, and to approve (on a poll vote of independent shareholders) the Rule 9 Waiver Résolution; |
Règle 9 Offre | a mandatory offer under Rule 9 of the Takeover Code; |
Rule 9 Waiver Proposal | the waiver granted by the Panel (conditional on the approval of the Waiver Resolution by the Independent Shareholders) of the obligation that would otherwise arise for the Concert Party to make a Rule 9 Offer under the Takeover Code as a consequence of the allotment and issue to it (or members of it) of the Conversion Shares and the Placing Shares; |
Résolution de renonciation à la règle 9 | Resolution 1, as set out in the Notice of General Meeting, which is to be taken on a poll of Independent Shareholders in accordance with the requirements of the Takeover Code; |
Secured Loan Agreement or Contrat de niveau de service | the agreement between Various Eateries Trading Limited, Xercise2 Limited, Zeta Shares Limited, TDR Capital Nominees Limited and Anella Limited; |
Actionnaires | les détenteurs d'Actions Ordinaires ; |
Code de reprise | le City Code sur les OPA et les Fusions ; |
non certifié or sous forme non certifiée | recorded on the register of members of Various Eateries plc as being held in uncertificated form in CREST and title to which, by virtue of the CREST Regulations, may be transferred by means of CREST; |
Royaume-Uni ou Royaume-Uni | le Royaume-Uni de Grande-Bretagne et d'Irlande du Nord ; |
Règlement sur les prospectus au Royaume-Uni | the EU Prospectus Regulation as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended, as amended by The Prospectus (Amendment, etc) (EU Exit) Regulations 2019; |
WH Irlande | W H Ireland Limited, une société constituée en Angleterre et au Pays de Galles sous le numéro d'entreprise 02002044 dont le siège social est situé au 24 Martin Lane, Londres EC4R 0DR ; et |
£, livres, penny ou pence | la livre sterling, la monnaie ayant cours légal au Royaume-Uni. |
APPENDICE III
Termes et conditions du Placement
CETTE ANNONCE, Y COMPRIS LES ANNEXES (ENSEMBLE, LE "ANNONCE") ET LES INFORMATIONS CONTENUES SONT RESTREINTES ET NE SONT PAS DESTINÉES À LA PUBLICATION, À LA DIFFUSION OU À LA DISTRIBUTION, DIRECTEMENT OU INDIRECTEMENT, EN TOUT OU EN PARTIE, AUX ÉTATS-UNIS, EN AUSTRALIE, AU CANADA, AU JAPON, EN NOUVELLE-ZÉLANDE, EN RÉPUBLIQUE D'AFRIQUE DU SUD OU TOUTE AUTRE JURIDICTION DANS LAQUELLE UNE TELLE PUBLICATION OU DISTRIBUTION SERAIT ILLÉGALE.
MEMBERS OF THE PUBLIC ARE NOT ELIGIBLE TO TAKE PART IN THE PLACING. THIS APPENDIX AND THE TERMS AND CONDITIONS SET OUT HEREIN ARE FOR INFORMATION PURPOSES ONLY AND ARE DIRECTED ONLY AT: (A) PERSONS WHO ARE IN A MEMBER STATE OF THE EUROPEAN ECONOMIC AREA AND ARE, UNLESS OTHERWISE AGREED BY THE BROKER, QUALIFIED INVESTORS; AND/OR (B) IN THE UNITED KINGDOM, PERSONS WHO ARE (I) QUALIFIED INVESTORS; AND "INVESTMENT PROFESSIONALS" WITHIN THE MEANING OF ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (AS AMENDED) (THE "ORDER"); (II) PERSONS FALLING WITHIN ARTICLE 49(2)(A) TO (D) ("HIGH NET WORTH COMPANIES, UNINCORPORATED ASSOCIATIONS, ETC") OF THE ORDER; OR (III) PERSONS TO WHOM IT MAY OTHERWISE BE LAWFULLY COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS APPENDIX, AND THE TERMS AND CONDITIONS SET OUT HEREIN, IS A FINANCIAL PROMOTION AND IS EXEMPT FROM THE GENERAL RESTRICTION IN SECTION 21 OF FSMA ON THE COMMUNICATION OF INVITATIONS OR INDUCEMENTS TO ENGAGE IN INVESTMENT ACTIVITY, ON THE GROUNDS THAT IT IS ONLY BEING DISTRIBUTED TO RELEVANT PERSONS. ACCORDINGLY, THIS APPENDIX AND THE TERMS AND CONDITIONS SET OUT HEREIN MUST NOT BE ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. DISTRIBUTION OF THIS ANNOUNCEMENT IN CERTAIN JURISDICTIONS MAY BE RESTRICTED OR PROHIBITED BY LAW. PERSONS DISTRIBUTING THIS ANNOUNCEMENT MUST SATISFY THEMSELVES THAT IT IS LAWFUL TO DO SO. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS APPENDIX AND THE TERMS AND CONDITIONS SET OUT HEREIN RELATE IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS.
CETTE ANNONCE N'EST PAS UNE OFFRE DE VENTE OU DE SOUSCRIPTION DANS TOUTE JURIDICTION DANS LAQUELLE UNE TELLE OFFRE, SOLLICITATION OU VENTE SERAIT ILLÉGALE EN VERTU DES LOIS SUR LES VALEURS MOBILIÈRES DE TOUTE JURIDICTION. CETTE ANNONCE NE CONSTITUE PAS ELLE-MÊME UNE OFFRE DE VENTE OU DE SOUSCRIPTION DE TITRES DE LA SOCIÉTÉ. CETTE ANNONCE N'EST PAS UNE OFFRE OU UNE SOLLICITATION D'UNE OFFRE D'ACHAT OU DE SOUSCRIPTION DE TITRES AUX ÉTATS-UNIS. LES TITRES RÉFÉRÉS AUX PRÉSENTES N'ONT PAS ÉTÉ ET NE SERONT PAS ENREGISTRÉS EN VERTU DU SECURITIES ACT DE 1933, TEL QUE MODIFIÉ (LE « SECURITIES ACT »), ET NE PEUVENT ÊTRE OFFERTS OU VENDUS AUX ÉTATS-UNIS, SAUF EN VERTU D'UNE EXEMPTION APPLICABLE DE , OU DANS LE CADRE D'UNE OPÉRATION NON SOUMIS AUX EXIGENCES D'ENREGISTREMENT DE LA LOI SUR LES VALEURS MOBILIÈRES. NI LA SECURITIES AND EXCHANGE COMMISSION DES ÉTATS-UNIS NI AUCUNE AUTORITÉ DE RÉGULATION DES VALEURS MOBILIÈRES D'UN ÉTAT OU D'UNE AUTRE JURIDICTION DES ÉTATS-UNIS N'ONT APPROUVÉ OU DÉSAPPROUVÉ UN INVESTISSEMENT DANS LES VALEURS MOBILIÈRES OU N'ONT PAS VALORISÉ OU APPROUVÉ LE BIEN-FONDÉ DU PLACEMENT OU L'EXACTITUDE OU L'ADÉQUATION DES CONTENU DE CETTE ANNONCE. TOUTE REPRÉSENTATION CONTRAIRE EST UNE INFRACTION CRIMINELLE AUX ÉTATS-UNIS. AUCUNE OFFRE PUBLIQUE DE TITRES N'EST EFFECTUÉE AUX ÉTATS-UNIS.
CHAQUE ENDROIT DEVRAIT CONSULTER SES PROPRES CONSEILLERS QUANT AUX IMPLICATIONS JURIDIQUES, FISCALES, COMMERCIALES ET CONNEXES D'UN INVESTISSEMENT DANS LE PLACEMENT D'ACTIONS ET LES REVENUS DE CELLES-CI (LE CAS ÉCHÉANT) PEUVENT DIMINUER OU AUGMENTER ET LES INVESTISSEURS PEUVENT NE PAS RÉCUPÉRER LA TOTALITÉ. MONTANT INVESTI DANS LE CADRE D'UNE CESSION DE LEURS ACTIONS.
Les autorisations pertinentes n'ont pas été et ne seront pas obtenues auprès de la commission des valeurs mobilières d'une province ou d'un territoire du Canada ; aucun prospectus n'a été déposé ou enregistré par la Commission australienne des valeurs mobilières et des investissements, le ministère japonais des Finances ou la Banque de réserve sud-africaine ; et les actions de placement n'ont pas été, ni ne seront, enregistrées ou qualifiées pour la distribution, tel qu'applicable en vertu ou offertes conformément aux lois sur les valeurs mobilières de tout État, province ou territoire des États-Unis, de l'Australie, du Canada, du Japon, de la Nouvelle-Zélande , ou l'Afrique du Sud. En conséquence, les Actions de placement ne peuvent pas (sauf si une exemption en vertu des lois sur les valeurs mobilières applicables s'applique) être offertes, vendues, revendues ou livrées, directement ou indirectement, aux États-Unis, en Australie, au Canada, au Japon, en Nouvelle-Zélande ou en Afrique du Sud. Afrique ou toute autre juridiction dans laquelle une telle offre, vente, revente ou livraison serait illégale.
Aux seules fins des exigences de gouvernance des produits contenues dans le manuel FCA Product Intervention and Product Governance Sourcebook (les « règles de gouvernance des produits du Royaume-Uni »), et déclinant toute responsabilité, qu'elle soit délictuelle, contractuelle ou autre, que tout « fabricant " (aux fins des règles de gouvernance des produits du Royaume-Uni) peuvent autrement avoir à cet égard, les actions de placement ont été soumises à un processus d'approbation du produit, qui a déterminé que les actions de placement sont : (i) compatibles avec un marché cible final de les investisseurs qui répondent aux critères de clients professionnels et de contreparties éligibles, chacun défini dans le FCA Handbook Conduct of Business Sourcebook (« COBS ») ; et (ii) éligibles à la distribution via tous les canaux de distribution autorisés par les règles de gouvernance des produits du Royaume-Uni (l'« évaluation du marché cible du Royaume-Uni »).
Uniquement aux fins des exigences de gouvernance des produits contenues dans : (a) la directive européenne 2014/65/UE sur les marchés d'instruments financiers, telle que modifiée ("MiFID II" ); (b) les articles 9 et 10 de la directive déléguée (UE) 2017/593 de la Commission complétant MiFID II ; et (c) les mesures de mise en œuvre locales (ensemble, les « exigences de gouvernance des produits MiFID II »), et déclinant toute responsabilité, qu'elle soit délictuelle, contractuelle ou autre, que tout « fabricant » et/ou « distributeur » (pour la aux fins des exigences de gouvernance des produits MiFID II) pourraient autrement avoir à cet égard, les actions de placement ont été soumises à un processus d'approbation du produit, qui a déterminé que les actions de placement sont : (i) compatibles avec un marché cible final de : (un ) des investisseurs répondant aux critères de clients professionnels et (b) des contreparties éligibles (chacune telle que définie dans MiFID II) ; et (ii) éligibles à la distribution par tous les canaux de distribution autorisés par MiFID II (l'« Évaluation du marché cible de l'UE »).
Nonobstant l'évaluation du marché cible du Royaume-Uni et l'évaluation du marché cible de l'UE, les distributeurs doivent noter que : le prix des actions ordinaires peut baisser et les investisseurs pourraient perdre tout ou partie de leur investissement ; ces titres n'offrent aucun revenu garanti ni aucune protection du capital ; et un investissement dans de tels titres n'est compatible qu'avec des investisseurs qui n'ont pas besoin d'un revenu garanti ou d'une protection du capital, qui (soit seuls, soit en collaboration avec un conseiller financier ou autre approprié) sont capables d'évaluer les mérites et les risques d'un tel investissement et qui disposent de ressources suffisantes pour pouvoir supporter les pertes qui pourraient en résulter.
Each of the UK Target Market Assessment and the EU Target Market Assessment is without prejudice to any contractual, legal or regulatory selling restrictions in relation to the Placing. Furthermore, it is noted that, notwithstanding the UK Target Market Assessment and the EU Target Market Assessment, the Broker will only procure investors who meet the criteria of professional clients and eligible counterparties each as defined under COBS or MiFID II, as applicable.
Afin d'éviter toute ambiguïté, l'évaluation du marché cible du Royaume-Uni et l'évaluation du marché cible de l'UE ne constituent pas : (a) une évaluation de l'adéquation ou de l'opportunité aux fins des chapitres 9A ou 10A respectivement du COBS ou de MiFID II, selon le cas ; ou (b) une recommandation à tout investisseur ou groupe d'investisseurs d'investir dans, d'acheter ou de prendre toute autre mesure quelle qu'elle soit en ce qui concerne les Actions de Placement.
Chaque distributeur est chargé d'entreprendre sa propre évaluation du marché cible en ce qui concerne les Actions de placement et de déterminer les canaux de distribution appropriés.
Les personnes (y compris, sans s'y limiter, les mandataires et les fiduciaires) qui ont une obligation contractuelle ou autre obligation légale de transmettre une copie de la présente Annexe ou de l'Annonce dont elle fait partie doivent demander les conseils appropriés avant de prendre toute mesure.
These terms and conditions apply to persons making an offer to acquire Placing Shares and should be read in their entirety. Each Placee hereby agrees with the Broker and the Company to be bound by these terms and conditions. A Placee shall, without limitation, become so bound if the Broker confirms to such Placee its allocation of Placing Shares.
Après avoir été informé de son attribution d'actions de placement, un bénéficiaire s'engage contractuellement à acquérir le nombre d'actions de placement qui lui est alloué au prix de placement et autrement selon les termes et conditions énoncés dans la présente annonce et, dans toute la mesure permise par loi, sera réputé avoir accepté de ne pas exercer de droit d'annulation, de résiliation ou de retrait d'un tel engagement.
Dans la présente Annexe, à moins que le contexte ne l'exige autrement, « Placeé » désigne une Personne Concernée (y compris des personnes physiques, des fonds ou autres) au nom de laquelle un engagement de souscrire ou d'acquérir des Actions de Placement a été donné.
Détails de l'accord de placement et des actions de placement
La Broker and the Company have entered into a Placing Agreement, under which the Broker has, on the terms and subject to the conditions set out therein, undertaken to use its reasonable endeavours to procure subscribers for the Placing Shares at the Placing Price. The Placing is not being underwritten by the Broker ou toute autre personne.
The number of the Placing Shares will be determined following completion of the Placing. The timing of the closing of the Placing and the number and allocation of Placing Shares, are at the discretion of the Broker, following consultation with the Company. Allocations will be confirmed orally or by email by the Broker following the close of the Placing. A further announcement confirming these details will then be made as soon as practicable following completion of the Placing.
Les Actions de Placement seront, lors de leur émission, soumises aux Articles, sera crédité comme entièrement payé et classé pari passu in all respects with the Existing Ordinary Shares and the Conversion Shares, including the right to receive all dividends and other distributions (if any) declared, made or paid on or in respect of Ordinary Shares after the date of issue of the Placing Shares.
Demande d'admission à la négociation sur AIM
Application will be made to the London Stock Exchange for admission to trading on AIM of the New Ordinary Shares. Subject (amongst other things) to the passing of the Resolutions, it is expected that settlement of any such shares and Admission will become effective on or around 8.00 a.m. on or around 27 December 2023 and that dealings in the New Ordinary Shares will commence at that time.
Placement
La Broker will today commence an accelerated bookbuilding process to determine demand for participation in the Placing by potential Placees at the Placing Price. This Appendix gives details of the terms and conditions of, and the mechanics of participation in, the Placing. No commissions will be paid to Placees or by Placees in respect of any Placing Shares.
La Broker and the Company shall be entitled to effect the Placing by such alternative method to the Placing as it may, in its sole discretion, determine.
Les principales conditions du Placement sont les suivantes :
1. The Broker is arranging the Placing as agent for, and broker de la compagnie.
2. Participation in the Placing is only available to persons who are lawfully able to be, and have been, invited to participate by the Broker.
3. The bookbuild, if successful, will establish the number of Placing Shares to be issued at the Placing Price, which will be determined by the Broker, in consultation with the Company, following completion of the Placing. The results of the Placing, including the number of Placing Shares, will be announced on a Regulatory Information Service following completion of the Placing.
4. To bid in the Placing, prospective Placees should communicate their bid by telephone to their usual contact at the Broker. Each bid should state the number of Placing Shares which the prospective Placee wishes to subscribe. Bids may be scaled down by the Broker on the basis referred to in paragraph 8 below.
5. The timing of the closing of the Placing will be at the discretion of the Broker. La Société se réserve le droit de réduire ou de chercher à augmenter le montant à lever dans le cadre du Placement, à son entière discrétion..
6. Allocations of the Placing Shares will be determined by the Broker, following consultation with the Company. Each Placee's allocation will be confirmed to Placees orally, or by email, by the Broker following the close of the Placing and a trade confirmation or contract note will be dispatched as soon as possible thereafter. Oral or emailed confirmation from the Broker will give rise to an irrevocable, legally binding commitment by that person (who at that point becomes a Placee), in favour of the Broker and the Company, under which it agrees to acquire by subscription the number of Placing Shares allocated to it at the Placing Price and otherwise on the terms and subject to the conditions set out in this Appendix and in accordance with the Articles. Except with the BrokerAvec le consentement de , cet engagement ne pourra être modifié ou révoqué.
7. La Société fera une autre annonce après la clôture du Placement détaillant les résultats du Placement et le nombre d'Actions de Placement à émettre au Prix de Placement.
8. Subject to paragraphs 4 and 5 above, the Broker may choose not to accept bids and/or to accept bids, either in whole or in part, on the basis of allocations determined at its discretion (after consultation with the Company) and may scale down any bids for this purpose on such basis as it may determine. The Broker may also, notwithstanding paragraphs 4 and 5 above, subject to the prior consent of the Company, allocate Placing Shares after the time of any initial allocation to any person submitting a bid after that time.
9. A bid in the Placing will be made on the terms and subject to the conditions in the Announcement (including this Appendix) and will be legally binding on the Placee on behalf of which it is made and, except with the BrokerLe consentement de, ne sera pas susceptible de modification ou de révocation à partir du moment où il sera soumis.
10. Except as required by law or regulation, no press release or other announcement will be made by the Broker ou la Société utilisant le nom de tout Placement (ou de son agent), en sa qualité de Placement (ou d'agent), autrement qu'avec le consentement écrit préalable de ce Placement.
11. Quel que soit le moment auquel l'attribution d'un Bénéficiaire en vertu du Placement est confirmée, le règlement de toutes les Actions de Placement à acquérir en vertu du Placement devra être effectué en même temps, sur la base expliquée ci-dessous dans la section « Enregistrement et Règlement".
12. All obligations of the Broker under the Placing will be subject to fulfilment of the conditions referred to below "Conditions of the Placing" and to the Placing not being terminated on the basis referred to below under "Right to terminate the Placing Agreement".
13. En participant au Placement, chaque Bénéficiaire accepte que ses droits et obligations concernant le Placement ne prendront fin que dans les circonstances décrites ci-dessous et ne pourront être annulés ou résiliés par le Bénéficiaire.
14. To the fullest extent permissible by law and the applicable rules of the FCA, neither the Broker, nor any of its affiliates, agents, directors, officers or employees shall have any liability to Placees (or to any other person whether acting on behalf of a Placee or otherwise whether or not a recipient of these terms and conditions) in respect of the Placing. In particular, neither the Broker, nor any of its respective affiliates, agents, directors, officers or employees shall have any liability (including to the extent permissible by law, any fiduciary duties) in respect of the Broker's conduct of the Placing or of such alternative method of effecting the Placing as the Broker and the Company may determine.
Conditions de placement
Le placement est conditionnel à ce que l'accord de placement devienne inconditionnel et n'ait pas été résilié conformément à ses conditions.
La BrokerLes obligations de en vertu de l'accord de placement sont conditionnées à : entre autres:
1. le Resolutions having been duly passed at the General Meeting;
2. the delivery by the Company to the Broker of certain documents required under the Placing Agreement;
3. la Société ayant pleinement rempli ses obligations en vertu du Contrat de Placement dans la mesure où ces obligations doivent être exécutées avant l'Admission ;
5. the issue and allotment of the New Ordinary Shares, conditional only upon Admission;
6. Admission becoming effective by no later than 8.00 a.m. on 27 December 2023 or such other date and time as may be agreed between the Company and the Broker, not being later than 8.00 a.m. on 31 January 2024 (the "Date d'arrêt longue"); et
7. the Placing Agreement not having been terminated by the Broker in accordance with its terms.
If: (i) any of the conditions contained in the Placing Agreement, including those described above, are not fulfilled or (where applicable) waived by the Broker by the respective time or date where specified (or such later time or date as the Broker may notify to the Company, being not later than the Long Stop Date); (ii) any of such conditions becomes incapable of being fulfilled; or (iii) the Placing Agreement is terminated in the circumstances specified below, the Placing will not proceed and the Placees' rights and obligations hereunder in relation to the Placing Shares shall cease and terminate at such time and each Placee agrees that no claim can be made by the Placee in respect thereof.
La Broker may, at its discretion and upon such terms as it thinks fit, waive, or extend the period for (subject to the Long Stop Date), compliance by the Company with the whole or any part of any of the Company's obligations in relation to the conditions in the Placing Agreement, save que la condition relative à l'admission ne peut être levée. Une telle prolongation ou renonciation n’affectera pas les engagements des Placees tels qu’énoncés dans la présente Annonce.
Ni le Broker, the Company nor any of their respective affiliates, agents, directors, officers or employees shall have any liability to any Placee (or to any other person whether acting on behalf of a Placee or otherwise) in respect of any decision they may make as to whether or not to waive or to extend the time and/or date for the satisfaction of any condition to the Placing nor for any decision they may make as to the satisfaction of any condition or in respect of the Placing generally and, by participating in the Placing, each Placee agrees that any such decision is within the absolute discretion of the Broker.
Droit de résilier le contrat de placement
La Broker a le droit, à tout moment avant l'Admission, de résilier le Contrat de Placement en donnant un préavis à la Société dans certaines circonstances, y compris, entre autres:
1. if any of the warranties given in the Placing Agreement are not true and accurate or are misleading when given;
2. the Company has failed to comply with its obligations under the Placing Agreement in the period prior to Admission;
3. any matter or circumstance arises, or is likely to arise, as a result of which any of the conditions set out in the Placing Agreement will not be satisfied or (if possible to be waived) waived by the requisite time and/or date;
4. il y a eu any material change in, or any development likely to involve a prospective material change in, or affecting, the condition (financial, operational, legal or otherwise), earnings, business, management, properties, assets, rights, results of operations or prospects of any Group Company;
5. il y a eu, ou est raisonnablement susceptible de se produire, un changement défavorable important dans la situation nationale ou internationale. monetary, political, financial or economic conditions or currency exchange rates or foreign exchange controls which has a material adverse effect on the operation of any of the principal financial and investment markets in the United Kingdom or otherwise has a material adverse effect in respect of the Placing and Admission; or
6. trading generally on any stock exchange or in any over the counter market in the United Kingdom is materially disrupted, or minimum or maximum prices for trading have been fixed, or maximum ranges for prices have been required, by any United Kingdom exchange or by any United Kingdom governmental authority, or a material disruption has occurred in commercial banking or securities settlement or clearance services in the United Kingdom, in the sole judgement of the Broker.
The rights and obligations of the Placees will not be subject to termination by the Placees or any prospective Placees at any time or in any circumstances. By participating in the Placing, Placees agree that the exercise by the Broker of any right of termination or other discretion under the Placing Agreement shall be within the absolute discretion of the Broker et que le Broker need not make any reference to Placees in this regard and that neither the Broker nor any of its respective affiliates shall have any liability to Placees whatsoever in connection with any such exercise or failure so to exercise.
Pas de document d'admission ni de prospectus
The Placing Shares are being offered to a limited number of specifically invited persons only and have not been nor will they be offered in such a way as to require the publication of a prospectus in the United Kingdom or in any other jurisdiction. No offering document, admission document or prospectus has been or will be submitted to be approved by the FCA or the London Stock Exchange in relation to the Placing or the Placing Shares, and Placees' commitments will be made solely on the basis of the information contained in the Announcement (including this Appendix) and the Publicly Available Information. Each Placee, by accepting a participation in the Placing, agrees that the content of this Announcement is exclusively the responsibility of the Company and confirms that it has not relied on any other information (other than the Publicly Available Information), representation, warranty, or statement made by or on behalf of the Company or the Broker or any other person and neither the Broker, the Company nor any other person will be liable for any Placee's decision to participate in the Placing based on any other information, representation, warranty or statement which the Placees may have obtained or received and, if given or made, such information, representation, warranty or statement must not be relied upon as having been authorised by the Broker, the Company or their respective officers, directors, employees or agents. Each Placee acknowledges and agrees that it has relied on its own investigation of the business, financial or other position of the Company in accepting a participation in the Placing. Neither the Company nor the Broker font un engagement ou une garantie à tout Bénéficiaire concernant la légalité d'un investissement dans les Actions de Placement par ce Bénéficiaire en vertu de toute loi ou réglementation légale, d'investissement ou similaire. Chaque placé ne doit pas considérer les informations contenues dans cette annonce comme des conseils juridiques, fiscaux ou commerciaux. Chaque Placement doit consulter son propre avocat, conseiller fiscal et conseiller financier pour obtenir des conseils juridiques, fiscaux et financiers indépendants concernant un investissement dans les Actions de Placement. Rien dans ce paragraphe n'exclut la responsabilité de toute personne en cas de déclaration frauduleuse.
Inscription et règlement
Following closure of the Placing, each Placee allocated Placing Shares in the Placing will be sent a trade confirmation or contract note in accordance with the standing arrangements in place with the Broker, stating the number of Placing Shares allocated to it at the Placing Price, the aggregate amount owed by such Placee (in pounds sterling) and a form of confirmation in relation to settlement instructions.
Each Placee will be deemed to agree that it will do all things necessary to ensure that delivery and payment is completed as directed by the Broker in accordance with the standing CREST settlement instructions which they have in place with the Broker.
Settlement of transactions in the Placing Shares (ISIN: GB00BM9BZK23) following Admission will take place within CREST provided that, subject to certain exceptions, the Broker reserves the right to require settlement for, and delivery of, the Placing Shares (or a portion thereof) to Placees by such other means that it deems necessary if delivery or settlement is not possible or practicable within CREST within the timetable set out in this Announcement or would not be consistent with the regulatory requirements in any Placee's jurisdiction.
Il est prévu que le règlement aura lieu conformément aux instructions énoncées dans l'avis d'exécution.
Interest is chargeable daily on payments not received from Placees on the due date(s) in accordance with the arrangements set out above at the rate of 4 percentage points above the prevailing LIBOR rate as determined by the Broker.
Each Placee is deemed to agree that, if it does not comply with these obligations, the Broker may sell any or all of the Placing Shares allocated to that Placee on such Placee's behalf and retain from the proceeds, for the Broker's account and benefit (as agent for the Company), an amount equal to the aggregate amount owed by the Placee plus any interest due. The relevant Placee will, however, remain liable and shall indemnify the Broker on demand for any shortfall below the aggregate amount owed by it and may be required to bear any stamp duty or stamp duty reserve tax or securities transfer tax (together with any interest or penalties) which may arise upon the sale of such Placing Shares on such Placee's behalf. By communicating a bid for Placing Shares, each Placee confers on the Broker such authorities and powers necessary to carry out any such sale and agrees to ratify and confirm all actions which the Broker lawfully takes in pursuance of such sale. Legal and/or beneficial title in and to any Placing Shares shall not pass to the relevant Placee until it has fully complied with its obligations hereunder.
Si les actions de placement doivent être livrées à un dépositaire ou à un agent de règlement, Placees doit s'assurer que le formulaire de confirmation est copié et remis immédiatement à la personne concernée au sein de cette organisation.
Insofar as Placing Shares are registered in a Placee's name or that of its nominee or in the name of any person for whom a Placee is contracting as agent or that of a nominee for such person, such Placing Shares should, subject as provided below, be so registered free from any liability to UK stamp duty or stamp duty reserve tax or securities transfer tax. Neither the Broker nor the Company will be liable in any circumstances for the payment of stamp duty, stamp duty reserve tax or securities transfer tax in connection with any of the Placing Shares. Placees will not be entitled to receive any fee or commission in connection with the Placing.
Représentations, garanties et autres conditions
By participating in the Placing, each Placee (and any person acting on such Placee's behalf) makes the following representations, warranties, acknowledgements, agreements and undertakings (as the case may be) to the Broker for themselves and on behalf of the Company:
1. qu'il a lu et compris cette annonce, y compris cette annexe, dans son intégralité et que sa souscription aux actions de placement est soumise et basée sur tous les termes, conditions, représentations, garanties, reconnaissances, accords et engagements et autres informations contenues. ci-après et s'engage à ne pas redistribuer ou dupliquer cette annonce ;
2. que ses obligations sont irrévocables et juridiquement contraignantes et ne pourront être annulées ou résiliées par elle en aucune circonstance ;
3. that the exercise by the Broker of any right or discretion under the Placing Agreement shall be within the absolute discretion of the Broker et par Broker need not have any reference to it and shall have no liability to it whatsoever in connection with any decision to exercise or not to exercise any such right and each Placee agrees that it has no rights against the Broker or the Company, or any of their respective officers, directors, employees agents or advisers, under the Placing Agreement pursuant to the Contracts (Rights of Third Parties Act) 1999;
4. that these terms and conditions represent the whole and only agreement between it, the Broker and the Company in relation to its participation in the Placing and supersedes any previous agreement between any of such parties in relation to such participation. Accordingly, each Placee, in accepting its participation in the Placing, is not relying on any information or representation or warranty in relation to the Company or any of its subsidiaries or any of the Placing Shares other than as contained in this Announcement and the Publicly Available Information, such information being all that it deems necessary to make an investment decision in respect of the Placing Shares. Each Placee agrees that neither the Company, the Broker nor any of their respective officers, directors or employees will have any liability for any such other information, representation or warranty, express or implied;
5. that in the case of any Placing Shares acquired by it as a financial intermediary, as that term is used in Article 5(1) of the EU Prospectus Regulation and Article 5(1) of the UK Prospectus Regulation, (i) the Placing Shares acquired by it in the Placing have not been acquired on behalf of, nor have they been acquired with a view to their offer or resale to, persons in any Member State of the European Economic Area which has implemented the EU Prospectus Regulation or the UK, respectively, other than Qualified Investors or in circumstances in which the prior consent of the Broker has been given to the offer or resale; or (ii) where Placing Shares have been acquired by it on behalf of persons in any member state of the EEA, or the UK respectively, other than Qualified Investors, the offer of those Placing Shares to it is not treated under the EU Prospectus Regulation or the UK Prospectus Regulation as having been made to such persons;
6. that neither it nor, as the case may be, its clients expect the Broker to have any duties or responsibilities to such persons similar or comparable to the duties of "best execution" and "suitability" imposed by the FCA's Conduct of Business Source Book, and that the Broker is not acting for it or its clients, and that the Broker will not be responsible for providing the protections afforded to customers of the Broker or for providing advice in respect of the transactions described herein;
7. that it has made its own assessment of the Placing Shares and has relied on its own investigation of the business, financial or other position of the Company in accepting a participation in the Placing and that it shall not be entitled to rely upon any material regarding the Placing Shares or the Company (if any) that the Broker or the Company or any of their respective affiliates, agents, directors, officers or employees or any person acting on behalf of any of them has provided, other than the information in this Announcement and the Publicly Available Information; nor has it requested any of the Broker, the Company or any of their respective affiliates, agents, directors, officers or employees or any person acting on behalf of any of them to provide it with any such information;
8. qu'il est : (i) situé en dehors des États-Unis et qu'il n'est pas une Personne américaine au sens de la Réglementation S du Securities Act ("Règlement S") et qu'il souscrit et/ou achète les Actions de Placement uniquement dans des pays "offshore transactions" telles que définies dans et conformément à la Réglementation S, et (ii) il ne souscrit pas et/ou n'achète pas d'Actions de placement à la suite d'"efforts de vente dirigée" tels que définis dans la Réglementation S ou au moyen de toute forme de "général sollicitation" ou "publicité générale" tels que ces termes sont définis dans le règlement D de la loi sur les valeurs mobilières ;
9. que les actions de placement n'ont pas été et ne seront pas enregistrées en vertu de la loi sur les valeurs mobilières ou de la législation sur les valeurs mobilières ou auprès de toute autorité de réglementation des valeurs mobilières d'un État ou d'une autre juridiction des États-Unis et, par conséquent, les actions de placement ne peuvent pas être offerts, vendus, mis en gage, revendus, transférés, livrés ou distribués aux États-Unis ou à l'intérieur de ceux-ci, sauf en conformité avec les exigences d'enregistrement du Securities Act et les exigences applicables en matière de valeurs mobilières de l'État ou en vertu d'exemptions de ceux-ci ;
10. que les seules informations sur lesquelles il est en droit de s'appuyer et sur lesquelles il s'est appuyé en s'engageant à souscrire aux Actions de Placement sont contenues dans la présente Annonce et les Informations Publiques Disponibles, ces informations étant toutes celles qu'il juge nécessaires pour effectuer une décision d'investissement concernant les Actions de Placement et qu'il a fait sa propre évaluation de la Société, des Actions de Placement et des conditions du Placement sur la base de la présente Annonce et des Informations Accessibles au Public uniquement ;
11. that neither the Broker or the Company or any of their respective affiliates, agents, directors, officers or employees has made any representation or warranty to it, express or implied, with respect to the Company, the Placing or the Placing Shares or the accuracy, completeness or adequacy of the Publicly Available Information;
12. that, unless specifically agreed with the Broker, it is not and was not acting on a non-discretionary basis for the account or benefit of a person located within the United States or any US Person at the time the undertaking to subscribe for and/or purchase Placing Shares was given and it is not acquiring Placing Shares with a view to the offer, sale, resale, transfer, delivery or distribution, directly or indirectly, of any Placing Shares into the United States or to any US Person and it will not reoffer, resell, pledge or otherwise transfer the Placing Shares except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and otherwise in accordance with any applicable securities laws of any state or jurisdiction of the United States;
13. qu'il n'est pas un ressortissant ou un résident de l'Australie, du Canada, du Japon, de la Nouvelle-Zélande, de la République d'Afrique du Sud ou une société, société de personnes ou autre entité organisée en vertu des lois de l'Australie, du Canada, du Japon, de la Nouvelle-Zélande, de la République de Afrique du Sud et qu'elle n'offrira pas, ne vendra pas, ne renoncera pas, transférera ou ne livrera pas, directement ou indirectement, l'une des actions de placement en Australie, au Canada, au Japon, en Nouvelle-Zélande ou dans la République (sauf si une exemption en vertu des lois sur les valeurs mobilières pertinentes est applicable) d'Afrique du Sud ou à ou au profit de toute personne résidant en Australie, au Canada, au Japon, en Nouvelle-Zélande, en République d'Afrique du Sud et chaque bénéficiaire reconnaît que les autorisations ou exemptions pertinentes ne sont pas obtenues auprès de la Commission des valeurs mobilières d'une province ou territoire du Canada, qu'aucun prospectus n'a été ou ne sera déposé auprès de l'Australian Securities and Investments Commission, des Autorités canadiennes en valeurs mobilières, du ministère japonais des Finances, de la Securities Commission de Nouvelle-Zélande ou de la South African Reserve Bank. et que les Actions de Placement ne sont pas proposées à la vente et ne peuvent pas (sauf si une exemption en vertu des lois sur les valeurs mobilières pertinentes est applicable) être offertes, vendues, revendues ou livrées, directement ou indirectement, aux États-Unis, en Australie, au Canada, Le Japon, la Nouvelle-Zélande, la République d'Afrique du Sud ou toute autre juridiction dans laquelle une telle offre, vente, revente ou livraison serait illégale ;
14. qu'il n'a pas d'adresse enregistrée dans, et n'est pas citoyen, résident ou ressortissant d'une juridiction dans laquelle il est illégal de faire ou d'accepter une offre d'actions de placement et qu'il n'agit pas sur une base non discrétionnaire base pour une telle personne ;
15. qu'il n'a pas, directement ou indirectement, distribué, transmis, transféré ou autrement transmis, et qu'il ne distribuera, transmettra, transférera ou autrement transmettra, directement ou indirectement, aucun document de présentation ou d'offre concernant le Placement ou le Placement d'Actions à toute personne aux États-Unis ou à toute personne américaine ;
16. that it is entitled to subscribe for and/or purchase Placing Shares under the laws of all relevant jurisdictions which apply to it and that it has fully observed such laws and obtained all governmental and other consents which may be required thereunder or otherwise and complied with all necessary formalities and that it has not taken any action which will or may result in the Company or the Broker or any of their respective directors, officers, employees or agents acting in breach of any regulatory or legal requirements of any territory in connection with the Placing or its acceptance;
17. qu'il a obtenu tous les consentements et autorisations nécessaires pour lui permettre de s'engager à souscrire et/ou acheter les Actions de Placement et d'exécuter ses obligations de souscription et/ou d'achat ;
18. that where it is acquiring Placing Shares for one or more managed accounts, it is authorised in writing by each managed account: (a) to acquire the Placing Shares for each managed account; (b) to make on its behalf the representations, warranties, acknowledgements, undertakings and agreements in this Appendix and the Announcement of which it forms part; and (c), if applicable, to receive on its behalf any investment letter relating to the Placing in the form provided to it by the Broker;
19. qu'il s'agit soit : (a) d'une personne telle que décrite au paragraphe 5 de l'article 19 (personnes ayant une expérience professionnelle en matière d'investissements et qui sont des professionnels de l'investissement) de l'Ordre ; ou (b) une personne d'un type décrit au paragraphe 2 de l'article 49(2)(A) à (D) (sociétés à valeur nette élevée, associations sans personnalité morale, partenariats ou fiducies ou leurs administrateurs, dirigeants ou employés respectifs) de l'Ordre ; ou (c) une personne à qui il est par ailleurs légal de communiquer cette annonce et dans le cas de (a) et (b) s'engage à acquérir, détenir, gérer ou céder toutes les actions de placement qui lui sont attribuées pour les besoins de son activité ;
20. that, unless otherwise agreed by the Broker, it is a Qualified Investor;
21. that, unless otherwise agreed by the Broker, it is a "professional client" or an "eligible counterparty" within the meaning of Chapter 3 of the FCA's Conduct of Business Sourcebook and it is purchasing Placing Shares for investment only and not with a view to resale or distribution;
22. qu'il n'a communiqué ou fait communiquer et ne communiquera ou ne fera communiquer toute invitation ou incitation à s'engager dans une activité d'investissement (au sens de la section 21 de la FSMA) relative au Placement d'Actions que dans les circonstances dans lesquelles la section 21(1) FSMA n'exige pas l'approbation de la communication par une personne autorisée ;
23. that any money held in an account with the Broker (or its nominee) on its behalf and/or any person acting on its behalf will not be treated as client money within the meaning of the rules and regulations of the FCA. Each Placee further acknowledges that the money will not be subject to the protections conferred by the FCA's client money rules. As a consequence, this money will not be segregated from the Broker's (or its nominee's) money in accordance with such client money rules and will be used by the Broker in the course of its own business and each Placee will rank only as a general creditor of the Broker;
24. qu'il fera (ou fera en sorte que son mandataire fasse), le cas échéant, notification à la Société de l'intérêt dans ses actions ordinaires conformément aux exigences du chapitre 5 des directives de divulgation et des règles de transparence de la FCA );
25. qu'il n'est pas, et qu'il n'agit pas au nom d'une personne relevant respectivement des paragraphes (6), (7) ou (8) des articles 67 ou 70 ou des paragraphes (2) et (3) de l'article 93 ou le paragraphe (1) de l'article 96 de la loi de finances de 1986 ;
26. qu'il ne négociera pas, ne fera pas ou ne permettra à aucune autre personne de négocier tout ou partie des actions de placement auxquelles il souscrit dans le cadre du placement, à moins et jusqu'à ce que l'admission devienne effective ;
27. that it appoints irrevocably any director of the Broker as its agent for the purpose of executing and delivering to the Company and/or its registrars any document on its behalf necessary to enable it to be registered as the holder of the Placing Shares;
28. that the Announcement does not constitute a securities recommendation or financial product advice and that neither the Broker nor the Company has considered its particular objectives, financial situation and needs;
29. qu'il possède les connaissances, la sophistication et l'expérience suffisantes en matière financière, commerciale et d'investissement nécessaires pour évaluer les mérites et les risques de la souscription ou de l'achat des actions de placement et qu'il est conscient qu'il peut être tenu de supporter, et il, et tout compte pour lequel il peut agir, est en mesure de supporter le risque économique de, et est en mesure de supporter, une perte totale en rapport avec le Placement ;
30. that it will indemnify and hold the Company and the Broker and their respective affiliates harmless from any and all costs, claims, liabilities and expenses (including legal fees and expenses) arising out of or in connection with any breach of the representations, warranties, acknowledgements, agreements and undertakings in this Appendix and further agrees that the Company and the Broker will rely on the truth and accuracy of the confirmations, warranties, acknowledgements and undertakings herein and, if any of the foregoing is or becomes no longer true or accurate, the Placee shall promptly notify the Broker and the Company. All confirmations, warranties, acknowledgements and undertakings given by the Placee, pursuant to this Announcement (including this Appendix) are given to the Broker for itself and on behalf of the Company and will survive completion of the Placing and Admission;
31. ce délai est essentiel en ce qui concerne les obligations en vertu de la présente annexe ;
32. that it is responsible for obtaining any legal, financial, tax and other advice that it deems necessary for the execution, delivery and performance of its obligations in accepting the terms and conditions of the Placing, and that it is not relying on the Company or the Broker to provide any legal, financial, tax or other advice to it;
33. that all dates and times in this Announcement (including this Appendix) may be subject to amendment and that the Broker shall notify it of such amendments;
34. that (i) it has complied with its obligations under the Criminal Justice Act 1993 and MAR, (ii) in connection with money laundering and terrorist financing, it has complied with its obligations under the Proceeds of Crime Act 2002 (as amended), the Terrorism Act 2000 (as amended), the Terrorism Act 2006 and the Money Laundering and Terrorist Financing Regulations 2019 and (iii) it is not a person: (a) with whom transactions are prohibited under the Foreign Corrupt Practices Act of 1977 or any economic sanction programmes administered by, or regulations promulgated by, the Office of Foreign Assets Control of the U.S. Department of the Treasury or the United States Department of State; (b) named on the Consolidated List of Financial Sanctions Targets maintained by HM Treasury of the United Kingdom; or (c) subject to financial sanctions imposed pursuant to a regulation of the European Union or a regulation adopted by the United Nations (together, the "Regulations"); and, if making payment on behalf of a third party, that satisfactory evidence has been obtained and recorded by it to verify the identity of the third party as required by the Regulations and has obtained all governmental and other consents (if any) which may be required for the purpose of, or as a consequence of, such purchase, and it will provide promptly to the Broker such evidence, if any, as to the identity or location or legal status of any person which the Broker may request from it in connection with the Placing (for the purpose of complying with such Regulations or ascertaining the nationality of any person or the jurisdiction(s) to which any person is subject or otherwise) in the form and manner requested by the Broker on the basis that any failure by it to do so may result in the number of Placing Shares that are to be subscribed for by it or at its direction pursuant to the Placing being reduced to such number, or to nil, as the Broker may decide in its absolute discretion;
35. qu'elle ne fera aucune offre au public au sens du Règlement Prospectus de l'UE ou du Règlement Prospectus du Royaume-Uni concernant les Actions de Placement qu'elle souhaite souscrire et/ou acheter ;
36. qu'il ne distribuera aucun document relatif aux Actions de Placement et qu'il acquerra les Actions de Placement pour son propre compte en tant que principal ou pour un compte ou des comptes discrétionnaires (sur lesquels il a le pouvoir de faire les déclarations énoncées dans les présentes ) à des fins d'investissement uniquement et il n'a conclu aucun contrat, accord ou arrangement avec une personne pour vendre, mettre en gage, transférer ou accorder une participation à cette personne ou à un tiers en ce qui concerne les actions de placement ; sauf que s'il s'agit d'un stock client privébroker ou gestionnaire de fonds, il confirme qu'en achetant les Actions de Placement, il agit selon les termes d'un ou plusieurs mandats discrétionnaires qui lui sont confiés par des clients privés et qu'il n'agit pas sur une base d'exécution uniquement ou selon des instructions spécifiques pour acheter les Actions de Placement pour le compte de tout tiers ;
37. that it acknowledges that these terms and conditions and any agreements entered into by it pursuant to these terms and conditions shall be governed by and construed in accordance with the laws of England and Wales and it submits (on behalf of itself and on behalf of any person on whose behalf it is acting) to the exclusive jurisdiction of the English courts as regards any claim, dispute or matter arising out of any such contract, except that enforcement proceedings in respect of the obligation to make payment for the Placing Shares (together with any interest chargeable thereon) may be taken by the Company or the Broker in any jurisdiction in which the relevant Placee is incorporated or in which its assets are located or any of its securities have a quotation on a recognised stock exchange;
38. that any documents sent to Placees will be sent at the Placees' risk. They may be sent by post to such Placees at an address notified to the Broker;
39. that the Broker owes no fiduciary or other duties to any Placee in respect of any representations, warranties, undertakings or indemnities in the Placing Agreement;
40. que l' Broker may, in its absolute discretion, agree to become a Placee in respect of some or all of the Placing Shares;
41. qu'aucun prospectus ou document d'offre n'a été ou ne sera préparé dans le cadre du Placement et qu'il n'a pas reçu et ne recevra pas de prospectus ou autre document d'offre dans le cadre du Placement ou du Placement d'Actions ; et
42. que s'il a reçu des informations confidentielles sensibles sur les prix concernant la Société avant la publication de la présente Annonce, il n'a pas : (i) négocié les titres de la Société ; (ii) encouragé, requis, recommandé ou incité une autre personne à négocier les titres de la Société ; ou (iii) divulgué ces informations à toute personne, avant que ces informations ne soient rendues publiques.
The Company, the Broker and their respective affiliates will rely upon the truth and accuracy of each of the foregoing representations, warranties, acknowledgements and undertakings which are given to the Broker for themselves and on behalf of the Company and are irrevocable.
The provisions of this Appendix may be waived, varied or modified as regards specific Placees or on a general basis by the Broker.
The agreement to settle a Placee's subscription and/or purchase (and/or the subscription of a person for whom such Placee is contracting as agent) free of stamp duty and stamp duty reserve tax depends on the settlement relating only to a subscription by it and/or such person direct from the Company for the Placing Shares in question. Such agreement assumes that the Placing Shares are not being subscribed for in connection with arrangements to issue depositary receipts or to transfer the Placing Shares into a clearance service. If there are any such arrangements, or the settlement relates to any other subsequent dealing in the Placing Shares, stamp duty or stamp duty reserve tax may be payable, for which neither the Company or the Broker will be responsible, and the Placee to whom (or on behalf of whom, or in respect of the person for whom it is participating in the Placing as an agent or nominee) the allocation, allotment, issue or delivery of Placing Shares has given rise to such UK stamp duty or stamp duty reserve tax undertakes to pay such UK stamp duty or stamp duty reserve tax forthwith and to indemnify on an after-tax basis and to hold harmless the Company and the Broker in the event that any of the Company and/or the Broker have incurred any such liability to UK stamp duty or stamp duty reserve tax. If this is the case, each Placee should seek its own advice and notify the Broker il se doit !
En outre, les personnes placées doivent noter qu'elles seront responsables de tout droit de timbre et de tous les autres droits de timbre, émission, valeurs mobilières, transfert, enregistrement, documentaire ou autres droits ou taxes (y compris les intérêts, amendes ou pénalités y afférents) payables en dehors du Royaume-Uni par eux ou toute autre personne sur la souscription ou l'achat par eux d'Actions de Placement ou l'accord par eux de souscrire ou d'acheter des Actions de Placement.
All times and dates in this Announcement (including the Appendices) may be subject to amendment. The Broker informera les bénéficiaires et toute personne agissant au nom des bénéficiaires de tout changement.
This Announcement has been issued by, and is the sole responsibility, of the Company. No representation or warranty express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by the Broker ou par l'un de ses affiliés ou agents respectifs quant à ou en relation avec l'exactitude ou l'exhaustivité de cette annonce ou toute autre information écrite ou orale mise à la disposition ou publiquement accessible à toute partie intéressée ou à ses conseillers, et toute responsabilité est donc expressément démenti.
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